5149.KLSE TAS Offshore Bhd
- Market cap
- MYR 58.1M
- P/E
- 2.5x
- P/B
- 0.52x
- ROE
- 17.4%
- Dividend yield
- 12.31%
- Fundamental score
- 3.9/5
Ratios use the latest price and the fiscal year ending May 2026.
Is 5149.KLSE undervalued?
Graham numberThe Graham number of TAS Offshore Bhd cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
TAS Offshore Bhd fundamental analysis
19 of 22 checks passedROE 1/2
Moderate return on equity (17.4%), between 10% and 20%.
ROA 1/1
Return on assets (12.7%) is above the industry median (2.7%).
Profit Consistency 1/2
Profitable for 4 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (32.9%) is not above the 5-year average (65.5% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (32.9%) is above the industry median (18.3%).
Revenue Growth 2/2
Revenue grew 63.5% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (4.7%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 95.9x against interest expense, well covered.
PE vs Market 1/1
PE (2.5x) is below the market median (11.4x).
PE vs Industry 1/1
PE (2.5x) is below the industry median (22.1x).
PBV 1/1
Price to book (0.5x) is below the industry median (2.6x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 1.3, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.04, growth is cheap.
Dividend Yield 2/2
Dividend yield (12.3%) is in the top 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 30.6%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
About TAS Offshore Bhd
TAS Offshore Berhad, together with its subsidiaries, engages in the ship building and repairing businesses in Malaysia, Indonesia, and Singapore. The company offers hull and superstructure construction; propulsion and power system installation; machinery and equipment installation; communication, navigation, and surveillance systems installation; interior fit-out; painting; and vessel testing and commissioning. It also constructs a range of vessels, such as anchor handling t…
Full company profileTAS Offshore Bhd financial statements
TAS Offshore Bhd annual financial statements (MYR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 20.7M | 48.5M | 36.9M | 16.2M | 34.9M | 57.5M | 36.1M | 72.4M | 145M | 158M |
| Gross Profit | -831K | 8.22M | 6.23M | 2.29M | 9.34M | 7.18M | 9.03M | 16.5M | 30.5M | 33.3M |
| Operating Income | -12.4M | 2.26M | 7.11M | -74.2M | 3.43M | -370K | 17.1M | 13.1M | 23.7M | 30.3M |
| EBITDA | -10.7M | 3.96M | 8.42M | -72.9M | 4.62M | 725K | 18.4M | 14.7M | 25.7M | 32.4M |
| Net Income | -14.0M | 789K | 3.99M | -74.9M | 1.89M | -1.52M | 15.3M | 9.66M | 17.6M | 23.4M |
| EPS | -0.08 | 0.00 | 0.02 | -0.42 | 0.01 | -0.01 | 0.09 | 0.05 | 0.10 | 0.13 |
| Balance Sheet | ||||||||||
| Total Assets | 592M | 544M | 562M | 493M | 128M | 115M | 152M | 195M | 206M | 184M |
| Total Liabilities | 432M | 384M | 399M | 406M | 34.7M | 23.1M | 57.2M | 93.6M | 91.4M | 49.7M |
| Shareholders' Equity | 161M | 160M | 162M | 86.2M | 93.0M | 91.7M | 95.2M | 101M | 115M | 134M |
| Cash & Short-term Investments | 3.72M | 17.9M | 31.3M | 2.80M | 9.57M | 27.7M | 11.6M | 6.16M | 16.7M | 28.8M |
| Total Debt | 53.2M | 39.4M | 31.9M | 14.4M | 9.98M | 6.68M | 7.55M | 10.1M | 11.4M | 6.25M |
| Cash Flow | ||||||||||
| Operating Cash Flow | -41.2M | 32.4M | 17.9M | -8.66M | 9.22M | 26.1M | -5.66M | -16.1M | 27.4M | 27.2M |
| Capital Expenditure | 46.5K | 15.0M | 163K | 204K | 500K | 89.2K | 3.86M | 1.77M | 15.5M | 2.78M |
| Free Cash Flow | -41.3M | 17.4M | 17.8M | -8.87M | 8.72M | 26.0M | -9.52M | -17.9M | 11.9M | 24.4M |
| Ratios | ||||||||||
| ROE | -8.7% | 0.5% | 2.5% | -86.9% | 2.0% | -1.7% | 16.0% | 9.5% | 15.3% | 17.4% |
| ROA | -2.4% | 0.1% | 0.7% | -15.2% | 1.5% | -1.3% | 10.0% | 5.0% | 8.5% | 12.7% |
| Net Profit Margin | -67.8% | 1.6% | 10.8% | -462.9% | 5.4% | -2.6% | 42.3% | 13.4% | 12.1% | 14.8% |
| Debt to Equity | 0.33x | 0.25x | 0.20x | 0.17x | 0.11x | 0.07x | 0.08x | 0.10x | 0.10x | 0.05x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
TAS Offshore Bhd dividends
- Dividend yield
- 12.31%
- Forward dividend
- 0.04 MYR
- Payout ratio
- 30.6%
- Ex-dividend date
- Jan 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2026 | MYR 7.15M | 0.04 | 30.6% |
| 2025 | MYR 1.79M | 0.01 | 10.2% |
| 2024 | MYR 1.79M | 0.01 | 18.5% |
| 2023 | - | - | - |
| 2022 | - | - | - |
| 2021 | - | - | - |
| 2020 | - | - | - |
| 2019 | - | - | - |
| 2018 | - | - | - |
| 2017 | - | - | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 41:40 on Feb 14, 2022.
Who owns TAS Offshore Bhd
- Insiders 63.36%
- Institutions 5.04%
- Public & others 31.60%
- Shares outstanding 179M
- Free float 127M
TAS Offshore Bhd company profile
- Company name
- TAS Offshore Bhd
- Ticker
- 5149.KLSE
- ISIN
- MYL5149OO009
- Exchange
- Kuala Lumpur Exchange
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Employees
- 81
- Fiscal year end
- May
- Address
- Lot 199, Jalan Sungai Maaw, Sibu, Malaysia, 96000
- Phone
- 60 8 431 0211
- Website
- tasoffshore.com
About TAS Offshore Bhd
TAS Offshore Berhad, together with its subsidiaries, engages in the ship building and repairing businesses in Malaysia, Indonesia, and Singapore. The company offers hull and superstructure construction; propulsion and power system installation; machinery and equipment installation; communication, navigation, and surveillance systems installation; interior fit-out; painting; and vessel testing and commissioning. It also constructs a range of vessels, such as anchor handling tug supply, anchor handling tugs, utility/supply vessels, offshore supply vessels, tugboats, pusher tugs, landing crafts, cargoes, barges, garbage collection and flotsam retrieval crafts, ferries, and workboats. In addition, the company provides slipway and afloat ship repair services; routine marine engine, machinery, and equipment inspection and maintenance; routine piping and wiring inspection and maintenance; repairing damage from collisions and other accidents; equipment installation; and repainting services. Further, it offers vessel chartering services. TAS Offshore Berhad was founded in 1977 and is headquartered in Sibu, Malaysia.
TAS Offshore Bhd management
6- Mr. Choo Chin LauGroup MD & Non-Independent Director · born 1975
- Mr. Choo Kuang LauDeputy Managing Director & Director · born 1981
- Ms. Siew Ling LauFinance Manager · born 1976
- Ms. Chai Hung HiiGroup Accountant · born 1971
- Ms. Wong Siew PingHuman Resources & Administration Manager · born 1973
- Ms. Suk Khim Kon FCISCompany Secretary